ELMIRA COLLEGE (EIN 160743996) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1942

Legal Domicile

Principal Officer

DR CHARLES LINDSAY

Phone

6077351800

Tax Period

2024-07-01 to 2025-06-30

ELMIRA COLLEGE, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $46.9M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

ELMIRA COLLEGE IS A NOT-FOR-PROFIT HIGHER EDUCATIONAL INSTITUTE LOCATED IN ELMIRA, NY. THE COLLEGE OFFERS A WIDE ARRAY OF UNDERGRADUATE AS WELL AS GRADUATE PROGRAMS TO APPROXIMATELY 700 STUDENTS, RANGING FROM LOCAL RESIDENTS TO INTERNATIONAL CITIZENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,934,812

Program Service Revenue $37,162,585

Investment Income $512,272

Other Revenue $4,277,317

TOTAL REVENUE $46,886,986

Expense Breakdown

Grants Paid $16,265,327

Salaries & Benefits $15,643,195

Fundraising Expenses $1,225,158

Program Expenses $36,214,725

Other Expenses $16,409,587

TOTAL EXPENSES $48,318,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,886,986	$36,926,278	+0.3%
Expenses	$48,318,109	$43,883,895	+0.1%
Net Income	$-1,431,123	$-6,957,617	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

560

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$410,222

Total Directors

$266,799

Key Employees

$517,332

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES LINDSAY	PRESIDENT	40.00	Officer Director	$250,000	$16,799	$266,799
GEORGE WINNER JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLARE VAN DEN BLINK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DORIS MALESARDI	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN WALSH III	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BRAND	TRUSTEE	1.00	Director	$0	$0	$0
G THOMAS TRANTER JR	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES THORLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN FENNELL	TRUSTEE	1.00	Director	$0	$0	$0
JANET HINDSLEY	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE KELECHAVA	TRUSTEE	1.00	Director	$0	$0	$0
SUSANNE GRENNELL	TRUSTEE	1.00	Director	$0	$0	$0
WHITNEY POSILLICO	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE METZGER	TRUSTEE	1.00	Director	$0	$0	$0
ARRI BURROWS	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY STREETER	TRUSTEE	1.00	Director	$0	$0	$0
JAY WOLKOFF	TRUSTEE	1.00	Director	$0	$0	$0
NANETT CALLIHAN	TRUSTEE	1.00	Director	$0	$0	$0
MILA MEIER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA NORTON	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY CURTIS	TRUSTEE	1.00	Director	$0	$0	$0
MILLICENT RUFFIN	TRUSTEE	1.00	Director	$0	$0	$0
KYLE GILBERT	VICE PRESIDENT OF FINANCE	40.00	Officer	$135,000	$8,423	$143,423
DENNIS KELLY	VP OF ENROLLMENT MANAGEMEN	40.00	Key Emp	$170,721	$410	$171,131
PATRICIA IRELAND	PROVOST	40.00	Key Emp	$155,000	$8,471	$163,471
PAULA LEE HOBSON	VICE PRESIDENT OF ADVANCEMENT	40.00	Key Emp	$160,000	$22,730	$182,730
THOMAS STEFFES	DIRECTOR OF IT	40.00	Highest	$115,000	$22,242	$137,242
MELISSA VOLINO	DIRECTOR OF NURSE EDUCATIO	40.00	Highest	$111,050	$267	$111,317
ANGELA TUFILLARO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$101,500	$244	$101,744

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$46,886,986	$48,318,109	$101,246,435	$-1,431,123
2024	$36,926,278	$43,883,895	$102,413,322	$-6,957,617
2023	$39,272,175	$43,259,009	$105,374,002	$-3,986,834
2022	$39,086,820	$40,881,881	$109,483,653	$-1,795,061
2021	$39,621,630	$41,266,874	$122,975,141	$-1,645,244
2020	$46,727,035	$48,137,020	$123,769,077	$-1,409,985
2019	$47,290,382	$52,749,107	$129,410,970	$-5,458,725
2018	$50,949,957	$58,984,523	$132,260,774	$-8,034,566

ELMIRA COLLEGE